City Guideline 2003-15: Implementation of new Annual Information Return

Applicable to

The policies and procedures in this City Guideline are mandatory and are to be implemented by all Section 26, 27, and 95 social housing providers for all fiscal years on or after April 30, 2003.

Background

Under the terms of their operating agreements with the City of Toronto Social housing providers must submit reports annually.

Prior to transfer, annual reporting was different for different types of providers.  This reporting has been harmonized and all Section 26, 27, and 95 providers must now submit both financial statements and an Annual Information Return (AIR), as the table below illustrates.

Note that, the new Annual Information Return includes a page of statistical information that social housing providers must complete.  This is a Social Housing Reform Act (SHRA) reporting requirement.

This data is being collected for the Ministry of Municipal Affairs and for the Canada Mortgage and Housing Corporation.

Action Required

1. All housing providers must complete the Annual Information Return (AIR) for fiscal years ending on or after April 30, 2003. Submit the AIR with copies of financial statements to the City of Toronto within five months of year-end.

Helpful Hints

• AIRs will be sent out to providers within 30 days of their year-end.
• Using the new AIR does not change the amount of any subsidy that social housing providers are entitled to receive.

Questions

If you have any questions, please contact your Housing Consultant or the HSS:

Housing Stability Services
Shelter, Support & Housing Administration
City of Toronto
365 Bloor Street East, 15th floor
Toronto, ON M4W 3L4
Telephone: 416-392-4126
Email: HSS@toronto.ca
Website: www.toronto.ca/socialhousing